The Cubs selected Neely's contract from Triple-A Iowa on Tuesday, Jesse Rogers of ESPN.com reports.
Acquired from the Yankees in the Mark Leiter trade, Neely has collected a 2.42 ERA and 76:17 K:BB over 48.1 innings between the Double- and Triple-A levels in 2024. The 24-year-old will likely be used in low-leverage spots initially, but he could work his way into a more prominent role as part of an unsettled Cubs bullpen. Neely will be making his major-league debut when/if he gets into a game.